How one picture has come to define the nature of the relationship between the two. Poetic.
But essentially, it does sum up the situation as we look towards the FOMC meeting this week. The Fed, staying as independent as they are, will most certainly keep interest rates unchanged.
The economy is no doubt softening but not quite at a point yet to push policymakers to react too strongly. That especially when price pressures (PCE especially) are still keeping up as well. The backdrop of that against the potential impact of tariffs is definitely keeping the Fed on its toes.
As things stand, markets are not pricing in a rate cut whatsoever for this week. The odds of any change to rates are at ~2% currently.
In his last few comments about Powell, Trump has said that he has no intention to fire the man. And he reaffirmed that over the weekend here. But mind you, he still found the time to tweet out on the weekend that:
"NO INFLATION, THE FED SHOULD LOWER ITS RATE!!!"
And so when the Fed doesn't this week, we'll see how sharp Trump's gaze on Powell will be. I wouldn't rule out seeing another barrage of comments from Trump bashing Powell about that decision to come.
When he does, that will just bring us back on the merry-go-round once again.
This article was written by Justin Low at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( Watchful eyes on "that Federal Reserve person" this week )
Also on site :
- I Took Magnesium Before Bed for 6 Months and It Completely Transformed My Sleep
- CHP: Berkeley streets put on lockdown after suspect throws live grenade
- Officials investigating body found secured to overturned boat in Steamboat Lake